The top 1 percent of the American population possesses what percentage of the nation's wealth?
A. 20
B. 27
C. 33
D. 39
The book says that the top 5 percent of the American population gets more than 21 percent of the national income.
I'm thinking maybe c
http://www.google.com/#q=the+top+1+percent+of+the+american+population+possesses+what+percentage+of+nation+wealth
To determine the correct answer, we need to find the percentage of the nation's wealth possessed by the top 1 percent of the American population.
To do this, we can gather data on the distribution of wealth in the United States. One reliable source for this information is the Survey of Consumer Finances conducted by the Federal Reserve Board. This survey provides data on the distribution of wealth in the United States, including the percentage held by various wealth percentiles.
Based on the most recent available data, the top 1 percent of the American population holds approximately 32 percent of the nation's wealth.
Now, let's compare this information to the answer choices:
A. 20 percent - This is lower than the actual percentage.
B. 27 percent - This is lower than the actual percentage.
C. 33 percent - This is higher than the actual percentage.
D. 39 percent - This is higher than the actual percentage.
From the given answer choices, the most accurate choice would be B. 27 percent. However, it is important to note that the correct answer is not listed among the options provided.